Traditional Dishes from Algeria Northern Africa
|Chakchouka a traditional Algerian dish|
|Algerian outdoor market|
Hydrocarbon exports enabled Algeria to maintain macroeconomic stability, amass large foreign currency reserves and maintain low external debt while global oil prices were high. With lower oil prices since 2014, Algeria’s foreign exchange reserves have declined by more than half and its oil stabilization fund has decreased from about $20 billion at the end of 2013 to about $7 billion in 2017, which is the statutory minimum.